News in brief… 4 June 2026

ATO advice and guidance; Consultation opens on extending unfair trading practices protections for small businesses; ATO update: Tips to avoid trustee trust resolution errors

ATO advice and guidance The Australian Taxation Office (ATO) released for consultation a draft legislative instrument that sets out the formula for denaturing spirits, as determined by the CEO, in order to exempted from excise duty. Legislative instrument – draft LI 2026/D13 Draft Excise (Denatured Spirits) Determination 2026 This instrument sets out the CEO-determined formula for a spirit to be denatured under subsection 77FG(1) of the Excise Act 1901 to be delivered for use, oth...

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Published Date: 04 June 2026